Book Description

The history of capitalism is not to be explained in mere economic terms. David Harris Sacks here demonstrates that the modern Western economy was ushered in by broad processes of social, political, and cultural change. His study of Bristol as it opened it gate to national politics and the Atlantic economy reveals capitalism to be not just a species of economic order but a distinct form of life, governed by its own ethical norms and cultural practices. Availing himself of the methods of "thick description," socio-economic analysis, and political theory, Sacks examines the dynamics by which early modern Bristol moved from a medieval commercial economy to an early capitalist one. Throughout the period, the life of the city depended heavily on the successes of its great overseas merchants. But their quest for a monopoly of trade with the outside world, from the Atlantic seaboard to the Levant, came into conflict with the concerns of Bristol's artisans and retail shopkeepers. The battles of the two factions conditioned social and cultural developments in Bristol for two centuries. Locally, the conflict set the terms for developing conceptions of justice and authority. On a larger scale, it drew the community firmly into the great affairs of the realm and the wider world of expanding markets beyond. This title is part of UC Press's Voices Revived program, which commemorates University of California Press's mission to seek out and cultivate the brightest minds and give them voice, reach, and impact. Drawing on a backlist dating to 1893, Voices Revived makes high-quality, peer-reviewed scholarship accessible once again using print-on-demand technology. This title was originally published in 1992. The history of capitalism is not to be explained in mere economic terms. David Harris Sacks here demonstrates that the modern Western economy was ushered in by broad processes of social, political, and cultural change. His study of Bristol as it opened i